Foreclosures are spatially contagious by nature (Can 1998). Abandoned or vacant properties have a negative spillover effect, by reducing the expected return on investment on surrounding properties. While there is a growing body of literature focusing on the latest wave of foreclosures in the US...

In the aftermath of both ongoing globalisation (with both widening and deepening effects on countries, regions and cities) and structural changes resulting from the 2008 economic recession, regions and cities in our world are confronted with a different arena of players, performances and...